Page 2907 - Markets News

Bombay High Court adjourns hearing in UTI Mutual Fund matter

Petitioner T Rowe Price seeks more time to hold discussions with stakeholders; Puri demits office

Today's picks: From HPCL to Axis Bank, hot stocks to watch on Tuesday

For HPCL, keep a stop at Rs276 and go long . Add to the position between Rs269 and Rs270

Bombay HC directs CBDT to reply on STT on physically-settled derivatives

Next hearing on August 16; Brokers' body moved court against NSE on levy, which is 10 times higher than 0.01% levy on cash-settled stocks

Q1 results: High utilisation to boost Motherson Sumi margins, stock falls

Rising raw material, start-up costs impacted profitability in the June quarter

Fund raising via preferential allotment jumps 11-fold in June quarter

Indian companies garnered nearly Rs1 trillion through issuance of shares on preferential basis in the April-June quarter of the current fiscal year

PVR's acquisition of SPI Cinemas: Benefits offset high deal valuations

On the financials front, operating profit margins of SPI Cinemas are expected to be in the 21-23 per cent range in FY19, which is much higher than PVR's 18 per cent

Initial estimates suggest crop loss of Rs 6 bn: Rain-hit Kerala planters

The heavy rain that has wreaked havoc in the state is expected to continue for the next few days, according to authorities

Growth worries ahead for Cadila Healthcare after Q1 estimate miss

With mega products in US facing rising competition, analysts watchful on new launches

Sebi proposes changes to consent mechanism for settling market violations

The rationale behind the proposed changes is to broaden the ambit of offences that can be settled under the route

Top trading ideas by Anand Rathi Research: Buy NIIT Tech, Tata Elxsi

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research.

MARKET WRAP: Sensex ends 224 pts lower on global cues, fall in bank stocks

Banks were the top losers on Monday, with Nifty PSU Bank index falling over 3%, while Nifty Bank index slipped over 1%

It will be biz as usual at HDFC Bank despite Sukthankar leaving: analysts

Analysts had expected the stock to see a knee-jerk reaction to the development. Most suggest the fall can be bought into from a long-term perspective

Sebi mulls steps to prevent misuse of clients' securities by stock brokers

The last year has also seen cases of shell accounts being used to carry out fraudulent or non-genuine trades

Apollo Hospitals surges 15% on strong Q1 results

The stock surged 15% to Rs 1,087 on the BSE after the posted a strong 70.86% year on year growth in net profit at Rs 601.6 million in June quarter.

Sun TV Network dips 6% after June quarter results

The stock dipped 6% to Rs 776 on the BSE, after the company reported 63% YoY growth in net profit at Rs 4.09 billion in June quarter driven by strong performance by its IPL franchise.

Vakrangee tanks 18% on weak Q1 results

The stock slipped 18% to Rs 51.50 on the BSE in intra-day trade after the company reported a sharp 92% fall in its consolidated net profit at Rs 131 million in June quarter.

Anant Bajaj, MD, Bajaj Electricals passes away; stock dips 7.5%

Bajaj, aged 41, was the only son of company chairman Shekhar Bajaj, took over as MD in June.

United Breweries rallies 7% on strong Q1 results

The stock rallied 7% to Rs 1,286 on the BSE in intra-day trade after the company reported 37% year-on-year increased in net profit at Rs 2,219 million in June quarter.

Rupee plunges 79 paise to hit record low of 69.62 against US dollar

On Friday, the rupee had lost 15 paise to end at 68.83 against the resurgent dollar

Tata Motors, Tata Motors DVR hit 52-week low on drop in global sales

In past three months, Tata Motors (down 25%) and Tata Motors DVR (down 30%) have underperformed the market by falling more than 20% as compared to 5.9% rise in the S&P BSE Sensex.